Taylor Wimpey PLC - High Wycombe, Buckinghamshire-based housebuilder - Chief Executive Officer Pete Redfern will step down after 14 years in post and leave the housebuilder once a suitable candidate has been identified and a handover has taken place. Taylor Wimpey says it has a succession plan in place and the recruitment process is advanced, with a selection process considering both internal and external candidates. "Last year, having significantly increased our landbuying to take advantage of land market opportunities, we have grown our landbank and set a clear path to deliver strong growth and returns over the coming years," Redfern says.
Early last month, Taylor Wimpey said it was on track to delivery annual results in line with guidance. The order book stood at GBP2.8 billion on November 8, down from GBP3.0 billion at the same point in 2020 but up from GBP2.7 billion in 2019.
Current stock price: 170.25 pence, up 1.5% early Wednesday
Year-to-date change: up 2.6%
By Tom Waite; thomaslwaite@alliancenews.com
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Taylor Wimpey (TW.)
